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be achieved through diplomacy. >> talk on the global economy were less contentious. the g8 leaders say it is in better shape than last year but still needs growth. there is also agreement on working to put attacks havens out of business. they pledged more transparency to curtail tax evasion and avoidance worldwide. >> taxation is one of the big issues where the g-8 says they made progress today. >> tax evasion and avoidance were under discussion. invasion is illegal, avoidance is not, but sometimes the line between between them can be hard to draw. >> they are under fire for breaking the rules or pushing them to the limits. they want to make practices harder and tax havens from the caribbean to the heart of europe. click the picturesque villages technically in austria, but the only road in his from germany. there have never been border controls here making it easy to hide german money in the neighboring country with lower tax rates. >> there are about 4 billion euro in three banks here. more than 99% of the money comes from germany, most of it probably undeclared. clicks tax evasion ha
of the elections. while the economy and iraq's kurdish north is booming, there is still no reliable power supply in baghdad. tangled cables apply electricity. he sewage system is ruined and streets and houses are in dire need of repair. that would mean work if it were for the -- if there went out for the constant violence. >> every time a device explodes, it takes work away from us for a week or two. no one comes to buy supplies. i have a family to feed. lex in the first round of provincial elections, the alliance prevailed, but it garnered fewer votes than the previous poll. there was voting in sunni regions that do discriminate against by the government, but many say it's not even about the sectarian conflict. it's just feuding politicians. >> i hope the elections bring change. there are no jobs. there's no electricity. i hope it gets better. >> at iraqi society is hobbled. although the people of iraq were able to cast ballots on thursday, they are not optimistic. >> markets have plunged after the u.s. federal reserve chairman said the central bank could and bond purchases next year if the eco
for the new parliament even though the region is key to the economy. this region has been marna leitch -- marginalize for 50 years. it was excluded for all developments. it is the richest region in the country because of the raw materials. a former postal worker has not been able to achieve much for the region he represents. many hope against hope that politicians can do something for them. unpaid compensation, missing approval, denied loans, the list of complaints is in less. almost all of them are dissatisfied. we accompany him for a portion of his journey. not far from here are the mountains where security forces recently found an islamic terrorist camp. the extremists are just a passing phenomenon. radicalization is normal after a resolution. it will soon subside. he says he thinks the constitutional assembly is working well and that any claims to the contrary are wrong. he says the assembly members are working hard. he adds the constitution is almost finished. things are tense and tunis as well. political business continues as usual. here in the parliamentary cafeteria, he is a qu
, but the situation is worse now. all sectors are affected. the economy, tourism, society. all because of the strikes and because of jihadist. -- jihadists. s are a constant topic of discussion. extremism is taking a toll on the country. the south is traditionally socialist. too extremists have made inroads among the young and discontents. -- discontent. next we meet with a member of the assembly charged with drafting the constitution, and he is on his way to tunis. he is a backbencher good -- backbencher. this region has been marginalized for 50 years. it was excluded from all development. at the same time, it is the richest region in the country because of the raw materials. a former postal worker, he has not been able to achieve much for the region he represents. like him, many hope against hope that politicians can do something for them. , missingmpensation approvals, denied loans, the list of complaints people come to him with his endless. almost all of them are dissatisfied. him for a portion of his journey. are thefrom here mountains where security forces recently found an islamic terrorist ca
are at an historically low level. money is cheaper than ever before. this ultra-lax policy help the u.s. economy get back on track again, but markets do expect a slow and to this money flooding, and bernanke could give an important hint. the market went up and down, and the dax closed lightly lower. >> let's take a look at wednesday's numbers. the dax was down by nearly .4% at 8190 seven. the euro stoxx 50 also lower, down by more than .6 %. the dow trading lower by nearly a full percent. looks like the losses are getting lower. the fed chair has been speaking, and he said the federal reserve could begin tapering its bond purchases and could end its program next year of economic growth remains strong. bad news for the markets there. investors do not like that, and the euro trading at this dollar at a value of $ 1.3273. >> welcome back. returning to our top story in berlin this evening where security for president barack obama's visit is unprecedented. some have described it as berlin on lockdown, especially those people living in the downtown areas where they have to cooperate with the top security in op
. the central bank has been holding back from pumping money into the economy lately, worried about the risk of accumulating bad bets. onto markets, and european stock exchanges dropped for the fourth day in a row on friday, locking in the biggest weekly decline in 13 months. our correspondent sent us this trading -- the summary of the trading action on the frankfurt stock exchange. >> ee you is coming forth with the bank union. this was the only good news for traders. it is a very important project, they said, but besides these plans, the trading day was very weak. german stocks made only a brief move toward recovery after yesterday's selloff. the fed's announcement to reduce stimulus disappointed traders, and in addition, they also worried about the situation in the chinese banking sector. the week ended all in all with heavy losses. >> we stay in frankfurt for a closer look at the friday numbers. the dax was off i -- look at that -- 1.76%. also lower across the atlantic on the dow, wh is trading up at this hour. the euro trading at a value of $ 1.31 51. briefly in sports, formula one raci
Search Results 0 to 5 of about 6